Uber Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Uber Technologies, Inc. is anticipated to report a decrease in Q4 earnings per share from 29 cents last year to 17 cents, despite an expected revenue increase from $8.61 billion to $9.76 billion. The company was fined €10 million by the Dutch Data Protection Authority for privacy regulation breaches. Ahead of the earnings call, several analysts have maintained a positive outlook on Uber, adjusting their price targets upwards.
February 07, 2024 | 6:35 am
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Uber's expected decrease in Q4 earnings per share, alongside a revenue increase and a recent €10M fine for privacy breaches, has analysts maintaining a positive outlook with raised price targets.
The anticipation of lower earnings per share might typically be a negative signal, but the expected increase in revenue and the positive adjustments in price targets by analysts suggest a bullish sentiment. The fine for privacy breaches introduces a note of caution, but the overall analyst confidence and stock price increase indicate a stronger focus on growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100